Multiple Choice
A firm is considering a one-time sale of $100,000 to a customer.The cost of goods sold for this sale is $90,000.If the probability of the customer paying is 0.8,what is the expected profit from this transaction?
A) Zero
B) -$10,000
C) +$8,000
D) +$10,000
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q9: With rates of return so low on
Q18: What are some of the ways that
Q19: An aging schedule is a statement sent
Q20: A manager estimates that her firm benefits
Q21: A system by which firms assign their
Q25: An East Coast firm should establish a
Q26: Which of the following assumptions is made
Q27: In general,a firm's credit policy should grant
Q35: How much time must be saved to
Q92: Ignoring the time value of money, how